Business & Markets

Transneft Extends Oil Transit Deal with Ukraine's Ukrtransnafta

Ukrainian pipeline operator Ukrtransnafta said it has agreed to a 10-year oil transit extension with Russia’s Transneft.

Enbridge Starts Service on Canadian Section of Line 3

Enbridge has begun commercial operation of the Canadian section of its Line 3 pipeline, even as it continues to navigate Minnesota regulators for the U.S. portion of the $9 billion replacement project.

U.S. Crude Output Rises to Record 12.5 Million Bpd in September — EIA

U.S. crude oil production in September rose 66,000 bpd to a new record of 12.46 million bpd, up from 12.397 million bpd in August, the U.S. government said in a monthly report on Friday.

State Sponsored Qatari LNG Projects Could Hurt North American Projects

Proposed North American LNG export projects may face an uphill battle against Qatar, which announced plans to further ramp up production to hold onto its position as the world’s leading LNG exporter.

Billion-Dollar LNG Project in Southern Mozambique Expected in 2020

A final investment decision on a $3.15 billion liquefied natural gas (LNG) project near Mozambique’s capital will be taken around the middle of 2020, France’s Total and its partners in the project said on Wednesday.

Hungary Ready to Discuss New Gas Supply Deal with Gazprom — Minister

Hungary is ready to start talks with Russia’s Gazprom about a new long-term gas supply deal, Hungary’s Foreign Ministry said on Monday.

Turkey, Azerbaijan Mark Completion of TANAP Pipeline

Turkey and Azerbaijan formally marked the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP) on Saturday, a milestone in a major project to help reduce Europe’s dependence on Russian gas.

Power of Siberia Natural Gas Pipeline Officially Begins Flows

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping officially launched the Power of Siberia pipeline on Monday that will transport natural gas from Siberia to northeast China.

Seaway to Begin Open Season

Seaway Crude Pipeline Company LLC has announced a binding open season for committed service on expansion capacity of its existing system originating in Cushing, Oklahoma and extending to the Texas Gulf Coast.

MOL Purchases Stake in ACG Oil Field, BTC Pipeline

MOL Group has agreed to purchase a stake in the ACG oil field in Azerbaijan and a stake in the BTC pipeline for $1.57 billion adding 20,000 bpd to the companies net production.

Egypt Signs $430-million Natural Gas Deal With Noble Energy

Egypt said on Saturday it had signed a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline.

National Grid Lifts New York Moratorium, Commits to Pursue Alternate Solutions

National Grid has reached an agreement with the State of New York to immediately resume connecting natural gas service to customers in Brooklyn, Queens and on Long Island for approximately the next two years as the company pursues other long-term solutions to the shortage of natural gas in the region.

Alberta Oil Curtailments to End 'No Later' Than This Time Next Year — Premier

The premier of Alberta, Canada's top oil-producing province, said this he hopes to end government curtailments on oil production by this time next year "at the latest."

FERC Approves Construction of Four LNG Export Projects in Texas

The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved the construction of four proposed liquefied natural gas (LNG) export facilities in Texas totaling about 6.2 billion cubic feet per day (bcfd) of capacity.

ESPO Pipeline Expansion Nears Completion, Asia-Pacific Counts for a Third of Russian Oil Shipments

Russia is about to complete a fresh expansion of its oil pipelines to the Pacific coast that will cement its role as a top Asian supplier and allow it to ship a third of its total oil exports to Asia-Pacific markets.

NuStar Energy Announces Binding Open Season for Permian System Expansion

NuStar Energy has announced an open season for expansion of its Permian crude pipeline system.

Canadian Competition Bureau Clears Pembina Purchase of Kinder Morgan

Pembina Pipeline Corp has received approval from Canadian authorities to purchase Kinder Morgan Canada.

Thousands of Canadian National Railway Workers Go on Strike

About 3,000 railway workers for Canadian National Railway have gone on strike after the labor union failed to reach a deal with the country's largest railroad operator over employment contracts.

Nigerian Pipeline Shut Due to Sabotage

Nigeria's Nembe Creek oil trunk pipeline has been shut down due to sabotage, a spokesman for the operator Aiteo said on Tuesday.

EIA: U.S. Set Records for Natural Gas Production, Consumption, Exports in 2018

The U.S. Energy Information Administration (EIA) said Monday that its Natural Gas Annual 2018 shows that the United States set new records in natural gas production, consumption, and exports in 2018.

Uzbekistan May Sell Stakes in State Energy Firms

Uzbekistan may soon sell shares in some its biggest state energy and mining companies, including pipeline operator Uztransgaz, the head of the state asset management body said.

Alternative to Congested Pipelines at Risk as Canada Rail Strike Looms

Canada's Teamsters notified Canadian National Railway of plans to strike Tuesday after a stalemate in contract negotiations, threatening an important shipping alternative to congested pipelines for Alberta's oil producers.

Gazprom Proposes Short-Term Gas Deal with Ukraine

Russia's Gazprom said it has sent a letter to Ukraine formally proposing either to extend a current deal supplying gas to the country for its own use and for transit to Europe or to sign a new one-year agreement.

At Least 7 Killed in Gas Explosion in Bangladesh

At least seven people were killed and eight injured on Sunday after a gas pipeline exploded in the Bangladeshi port city of Chittagong, a police official said.

Dominion's Cove Point LNG Terminal Loads 100th Commercial Ship

Dominion Energy's Cove Point LNG Terminal said it loaded its 100th commercial LNG ship this week—nineteen months after the facility entered commercial service for natural gas liquefaction and export.

Whistler Pipeline Consortium Announces Binding Open Season

Whistler Pipeline, LLC has announced a binding Open Season to solicit commitments for the remaining capacity on the Whistler Pipeline.

Poland Says it Will Stop Importing Russian Gas Unless it Secures Better Contract

Poland’s state gas company said Friday it will stop importing natural gas from Russia’s Gazprom when a long-term contract expires in three years, unless it can secure better commercial terms.

MoGas Pipeline Announces Open Season

MoGas Pipeline has announced an open season to solicit interest on its natural gas pipeline system in Missouri and Illinois.

National Grid Addresses NY Challenges as AGA Weighs In

National Grid said it was confident it would be able to address concerns over gas supplies raised this week by governor of New York, while AGA condemned the "punitive measures."

European Investment Bank Will Stop Funding Fossil Fuel Projects by End-2021

In a landmark decision, the European Investment Bank, the world's largest multilateral lender, said on Thursday it would stop funding fossil fuel projects at the end of 2021.